ARTICLES LABELLED WITH TAG Cluj-Napoca

Urbano Group has secured construction permits for the first phase of a commercial park in Transylvania, backed by an investment exceeding €100 million.  

Timișoara has emerged as the leading regional office market in Romania in Q1 2025, with companies leasing 63% of all office spaces transacted outside Bucharest, according to a report by Fortim Trusted Advisors. 

Prime Kapital will open Mall Moldova on April 17, with Cushman & Wakefield Echinox providing strategic consultancy to the developer.

Romanian developer Hexagon has secured a financing of over €18 million from Libra Internet Bank, for the development of a residential complex in Cluj.

Companies in IT, manufacturing, industry, and the medical and pharmaceutical sectors were the most active in Romania's office rental market over the past five years, generating over half of the demand for new space.

Investment in the hotel sector is experiencing a significant upswing, with Romania witnessing a 56% increase in 2024 versus 2023, reaching €69.3 million. This trend aligns with a broader European surge, where hotel investments reached €20.5 billion, marking a 70% rise and establishing hotels as the leading asset class.

Italian real estate group IGD has announced the sale of its Winmarkt Someș shopping center in Cluj-Napoca to a private Romanian investor for €8.3 million.

Cluj-Napoca recorded a fourfold growth in office leasing in 2024 and was the biggest regional market for such transactions, according to a Fortim Trusted Advisors analysis.

Romanian real estate agency Griffes has closed lease deals worth more than €95 million in 2024, with Bucharest holding 75% of the total volumes. 

The retail market in Romania has room for growth, considering that short-to-long term pipeline exceeds 800,000 sqm, consisting of projects under construction or in different permitting stages, which are due to be completed by the end of the decade.